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Gender equality in business
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Women Empowerment and Corporate Social Responsibility:
For the upliftment of society ideally most important aspect is creating awareness in people about their rights. For this a part of society needs to take active part in development of the society, surprisingly many have come forward voluntarily to contribute for the betterment of society. According to Crowther and Jatana (2005a) Today Corporate Social Responsibility (CSR) has become a popular cause. CSR focuses on social, environment and financial success of a company to ensure that they are performing well in non-financial areas such as human rights, business ethics, environment policies, corporate contribution to education, poverty alleviation, infrastructure development, women’s empowerment,
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To determine the success and failure of CSR activities performed by public and private companies as per their reach in society.
RESEARCH METHODOLOGY:
This study is an Explorative Research paper which broadly talks about the contribution of public and private business houses working specifically for women empowerment. This research is divided into broad 3 parts. First part analyses various programs/projects/schemes running in favor of women empowerment, second part attempts to analyze the change noticed in the social and economical status of women after receiving services of CSR of PSUs and private companies. Third part tries to determine success and failure of CSR activities performed by public and private enterprises.
The data used in this paper are Secondary in nature and has been collected from multiple sources ranging from the official website of the PSUs , newspaper articles, academic research papers, independent study reports, media coverage and other relevant and reliable web sources.
ANALYSIS:
Large number of corporate houses allocates CSR budgets towards well fare programs especially designed for the betterment of women. Business Houses such as Hindustan Unilever Limited, Vedanta, Hindalco, Jindals, Tata’s, BPCL etc. work to encourage entrepreneurial skill in women. Their interventions are carried mostly in areas located in locations from where they operate. For
Corporate Social Responsibility (CSR) is the way a corporation achieves a balance between its economic, social, and environmental responsibilities in its operations so as to address shareholder and other stakeholder expectations. In general, when firms hold this wider encouraging role on the public by being engaged with stakeholders, a variety of profit can be produced for both company and the stakeholders. A key inclination is the combination of Corporate Social Responsibility (CSR) into the organization strategy, culture, mission and communications. By incorporating corporate citizenship into the company it is no longer an additional “nice thing to do” or something made to obey laws or regulations. Instead, corporate responsibility has become something business leaders and workforce want to engage in, frequently because executives who believe in the long-term see business profit. The four types of social responsibilities a...
Corporate Social Responsibility (CSR) is a movement that aims to promote a greater awareness of how business activities and decisions influence corporate environment, stakeholders, and society in general. Adam Lindgreen and Valerie Swaen’s article “Corporate Social Responsibility” addresses this broad topic in a more narrow direction of CSR implementation as it discusses the most important stages of this process. While this article relies only on the previous research, it provides unique insights into CSR and even challenges the common views of this concept as the authors thoroughly analyze their secondary sources.
There is major concern for corporate management whether there is a direct relationship between corporate social responsibility and financial performance. There is need for assessing the validity of the relationship between CSR and financial performance .Macguire, sundgren and schneweels (1986) argued that previous research has yielded mixed results regarding the relationship between CSR and measures of financial performance. Reviews by Cochran and Wood (1984) and Ullman have all found mixed results regarding the relationship between CSR and a firm’s financial performance. Ullman suggested that the results may have been derived from differences in research methodologies and measures of financial performance
An organization’s Corporate Social Responsibility (CSR) drives them to look out for the different interests of society. Most business corporations undertake responsibility for the impact of their organizational pursuits and various activities on their customers, employees, shareholders, communities and the environment. With the high volume of general competition between different companies and organizations in varied fields, CSR has become a morally imperative commitment, more than one enforced by the law. Most organizations in the modern world willingly try to improve the general well-being of not only their employees, but also their families and the society as a whole.
A corporations CSR should be shaped in order to fit the goals of the corporation, although every corporation’s CSR should differ, since most have different goals and different communities behind them. The CSR should be molded into fitting the corporation’s goals in order to make it easier on the corporation in giving back to the community while achieving its goals. For example, a corporation located in a desert wishes to be more efficient, by reducing water usage it is not only creating lower costs, which result in higher revenue, but also helps the community by not taking up so much water. Taking this into consideration, it is critical that the corporation goals and values are established and clear throughout the corporation, they should be developed by the board or directors and CEO, and the highest managerial level should stress their importance to the rest of the corporation. By making the goals and values at the top branch of the corporate hierarchy, it will be simpler for the corporates community to develop in order to nurture those goals and values. Therefore, a corporation can reach the “shared-value,” a value for both its shareholders and community in a simpler manner that can result benefiting the corporation in the end as well. Throughout the article many examples are given of actual corporations that have benefited and changed their CSR in order to fit their goals, therefore, providing solid proof that these methods work. Nevertheless, as acknowledged by the author’s themselves, most of the corporations taken into consideration where one’s that Harvard CSR students were employed
Corporate social responsibility (CSR) can be defined as the "economic, legal, ethical, and discretionary expectations that society has of organizations at a given point in time" (Buchholtz, 2014, p. 32) The basic principles of corporate social responsibility consists of organizations that has the moral, ethical, and philanthropic duties to not only to earn a profit for investors, but they must also comply with the laws and standards set for businesses as well. Today’s CSR requires organizations to assume a much broader spectrum of their responsibilities that includes not only the stockholders, but employees, suppliers, customers, the local community, state, and federal governments, special interest and a variety of environmental groups as well. (Sharma, 2014)
According to Mike Peng, Corporate Social Responsibility (CSR) is the consideration and response to issues beyond the narrow economic, technical, and legal requirements of the firm to accomplish social benefits along with traditional economic gains the firm seeks. CSR is a way in which a company seeks to achieve a balance between profit, environmental concerns and social imperatives. This is known as the ‘Triple-Botto...
The secondary research was derived mainly from a survey. The majority of the information originates from primary research. Sources were selected on the basis of being well established and reputable. The earliest resources were published in 2005 while the most recent resources are from 2014.
CSR is a concept where company involves in social and environmental in their business operations. This is done to achieve a balance of economic, environmental and social obligations.in simple terms giving a hand for those who are not capable of achieving with their objectives and attending to them so that they could make those objectives a reality. This could improve organizations cooperate image which would also leads to attain a high market share.
Corporate Social Responsibility (CSR) is a very familiar term in today’s world. Most of the successful companies try to be ethical and socially responsible toward their stakeholders. Because becoming ethical and socially responsible gains a lot in terms of profit or capturing more market share (Aras and Crowther,2009). This socially responsible approach is paved by the CSR activities of the companies which has a great contribution to their corporate strategy of winning the customers’ mind. In this assignment, the pros and corn of CSR activities of a particular organization a...
Even thought, Hindustan Unilever is the current leading consumer goods company in India with presence over many consumer, still we have do marketing or advertising on our brands and projects. Therefore, we use real poor people as a model of company. From this publicity, some welfare or NGO will inspire and can step forward to help them. The reason that I mentioned this because women comprise fifty percent of workers, but still the balance fifty percent of the working poor are women (Unilever, 2016). Hence, our project provides livelihood-enhancing opportunities to nearly 70,000 Shakti Entrepreneurs who distribute our productions in more than 162,000 villages and reach over four million rural households (Unilever,
The program connects the poor through Self Help Group promoting institutions like NGOs, banks and other Micro financial Institutions. Bali Swain and Varghese 2010). It empowers women by giving them greater autonomy and independence in the family. With more financial resources, their bargaining power in the family also increases (Aghion and Morduch 2005), (Manser and Brown 1980), (Chiappori 1988, 1992), McElroy and (Horney 1981), Browning and (Chiappori 1998). In the context of South Asia and specifically India, women empowerment is more a process of challenging the existing norms and trying to improve the overall well being of women.
A company has an economic obligation. It must earn a favorable return for its stockholders in the restrictions of the law. But, corporate social responsibility means that organizations have also ethical and societal responsibilities that go past their economic responsibilities. CSR needs organizations to develop their documentations of their responsibilities to include other stakeholders such as workers, customers, suppliers, local societies, state governments, international organizations, etc. Ethics could be seen as a fundamental component of individual and group activities at the heart of organizations’ errands.
Gender inequality is present in all aspects of human society, from culture, politics, and economic stand point to personal relationships. Gender inequality can be viewed as a major problem especially within the business world (Corporation, 2016). In the past, men are seen as leaders in all aspects. For example, men could work without any criticisms, they could participate in political issues and were given higher education. Women on the other hand, were given no political participation, criticized for working outside the household as they were responsible for chores such as takes care of their children, cooking or cleaning and given limited education compared to men. Although there are claims rights equality of women in 21st century and much has been written about it in the field of business (Player, 2013), but there is still a gap between male and female. This essay aims to explore the impact of gender inequality in business and will analyze the details in terms of the men are given high pay and specific jobs over women.
In the current time of growth and progression, individuals should know that how a business not only flourish but sustain itself. Making profit is one of the main targets of every corporates but it must not be the only one. When an individual builds a company in order to do business, they should be well aware of their contribution towards the society as well as their business and employees in it. It is total strategy of all. We should be able to realize every increment contributes of it. One of the major factors that affect a business is how well it participates in Corporate Social Responsibility. According to (Werther & Chandler, 2006) corporate social responsibility (CSR) refers to a business practice that involves participating in initiatives that benefits the society. In authenticity, there is a whole lot to argue about it. There are no major guidelines that decides either a business is participating in Corporate Social Responsibility; what might be considered a Business practicing CSR to some, can still not be accepted for it by others. CSR may be restrained a term which his highly flexible. This paper will discuss about Corporate Social Responsibility and its